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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 154,216 $ 61,999
Accounts receivable, net of allowances for doubtful accounts of $11,296 and $1,200, respectively 29,475 126,246
Inventories 19,101 17,269
Current contract costs 7,786 24,535
Other current assets 24,474 30,854
Total current assets 235,052 260,903
Property and equipment, net 482,585 500,901
Other investments and assets 20,876 45,119
Operating lease right-of-use assets 95,229 103,314
Deferred income taxes   26,163
Goodwill 95,159 287,983
Other intangible assets, net 69,563 94,308
Total Assets 998,464 1,318,691
Current liabilities    
Accounts payable 31,927 86,660
Contract liabilities 26,960 50,671
Accrued compensation 10,198 32,658
Operating lease obligations 20,140 22,180
Other current liabilities 26,371 39,824
Current portion of debt and finance lease obligations [1] 3,671 5,330
Total current liabilities 119,267 237,323
Long-term debt and finance lease obligations 469,828 335,162
Pension and postretirement benefits 26,016 26,247
Long-term operating lease obligations 77,743 82,851
Other deferred items and liabilities 75,248 83,707
Total liabilities 768,102 765,290
Commitments and contingencies
Redeemable noncontrolling interest 5,138 6,172
Viad Corp stockholders’ equity:    
Common stock, $1.50 par value, 200,000,000 shares authorized, 24,934,981 shares issued and outstanding 37,402 37,402
Additional capital 571,555 574,473
Retained earnings (deficit) (171,931) 122,971
Accumulated other comprehensive loss (53,762) (35,699)
Common stock in treasury, at cost, 4,538,028 and 4,588,084 shares, respectively (229,492) (231,649)
Total Viad stockholders’ equity 153,772 467,498
Non-redeemable noncontrolling interest 71,452 79,731
Total stockholders’ equity 225,224 547,229
Total Liabilities and Stockholders’ Equity $ 998,464 $ 1,318,691
[1] Subsequent to the filing of our 2019 Form 10-K, we identified a correction related to the classification of the 2018 Credit Facility (as defined below) from current to long-term given that the 2018 Credit Facility’s contractual maturity is not within 12 months of the balance sheet date, and we were in compliance with all applicable covenants as of December 31, 2019. As a result, we corrected the classification of the debt on the accompanying condensed consolidated balance sheet and the disclosure related to classification of debt in the table above as of December 31, 2019 to present the 2018 Credit Facility as long-term. Except for this change, the correction had no impact upon this Quarterly Report on Form 10-Q. We determined that the error is not material to the previously issued financial statements.